Radico Khaitan Ltd Share Price – NSE /  BSE

Alcoholic Beverages, Small Cap

Radico Khaitan Ltd gained for a fifth straight session today. The stock is quoting at Rs 1756.95, up 1.85% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. Radico Khaitan Ltd has risen around 3.05% in last one month.

Meanwhile, Nifty FMCG index of which Radico Khaitan Ltd is a constituent, has risen around 1.35% in last one month and is currently quoting at 63091.9, up 0.42% on the day. The volume in the stock stood at 2.56 lakh shares today, compared to the daily average of 2.05 lakh shares in last one month.

The PE of the stock is 85.83 based on TTM earnings ending June 24.

Powered by Capital Market - Live News

Radico Khaitan Ltd is up for a third straight session today. The stock is quoting at Rs 1717, up 1.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 24712.8. The Sensex is at 80888.47, up 0.58%. Radico Khaitan Ltd has slipped around 0.14% in last one month.

Meanwhile, Nifty FMCG index of which Radico Khaitan Ltd is a constituent, has slipped around 1.9% in last one month and is currently quoting at 62326.05, down 0.46% on the day. The volume in the stock stood at 90910 shares today, compared to the daily average of 2.06 lakh shares in last one month.

The PE of the stock is 84.5 based on TTM earnings ending June 24.

Powered by Capital Market - Live News

The domestic equity benchmarks continued to trade with minor losses in morning trade. The Nifty traded below the 24,250 mark. IT shares declined after advancing in two previous trading sessions.

At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 209.24 points or 0.26% to 79,258.59. The Nifty 50 index lost 58.95 points or 0.24% to 24,238.55.

In the broader market, the S&P BSE Mid-Cap index rose 0.09% and the S&P BSE Small-Cap index added 0.55%.

The market breadth was positive. On the BSE, 1,999 shares rose and 1,524 shares fell. A total of 166 shares were unchanged.

Economy:

The Reserve bank of India, in its bi-monthly monetary policy kept benchmark repo rate unchanged at 6.5%, maintaining the same level for the eighth consecutive review since February 2023. According to RBI Governor MPC decided to remain focused on withdrawal of accommodation stance. MPC judged that it is important for monetary policy to stay the course while maintaining close vigil on risks. Governor Shaktikanta Das said that ensuring price stability eventually results in and supports a period of sustained growth. He said, “We have decided to focus on inflation and support price stability to ensure growth.”

New Listing:

Shares of Ceigall India were currently trading at Rs 410 at 10:10 IST on the BSE, representing a premium of 2.24% as compared with the issue price of Rs 401.

The scrip was listed at Rs 413, exhibiting a 2.99% premium to the issue price.

So far, the stock has hit a high of 425 and a low of 409.75. On the BSE, over 5.02 lakh shares of the company were traded in the counter so far.

Results today:

Page Industries (down 0.47%), Eicher Motors (down 0.53%), Biocon (down 0.27%), ABB India (up 0.04%), Rail Vikas Nigam (RVNL) (down 1.33%), MRF (down 1.53%), VA Tech Wabag (up 3.51%), Sadhar Technologies (down 1.75%), Cochin Shipyard (down 0.84%), Alembic Pharmaceuticals (up 3.17%), Astral (down 0.79%), AstraZeneca Pharma India (down 0.12%), Avalon Technologies (down 0.02%), Bharat Forge (down 1.02%), Birla Corporation (down 0.79%), Concor (down 0.25%), Galaxy Surfactants (down 0.21%), Greaves Cotton (up 3.66%), Garden Reach Shipbuilders & Engineers (down 1.74%), Gujarat State Petronet (up 0.27%), HBL Power Systems (up 1.17%), HealthCare Global Enterprises (down 0.37%), IFCI (down 1.82%) India Shelter Finance Corp (up 0.15%), Ircon International (up 0.82%) will announced their quarterly earnings later today.

Buzzing Index:

The Nifty IT index fell 0.96% to 38,819.85. The index gained 2.01% in past two trading sessions.

Infosys (down 1.67%), LTIMindtree (down 1.3%), Mphasis (down 1.1%), Wipro (down 0.99%), Coforge (down 0.96%), L&T Technology Services (down 0.56%), Persistent Systems (down 0.46%), Tata Consultancy Services (down 0.07%), HCL Technologies (down 0.05%) declined.

Stocks in Spotlight:

Radico Khaitan added 2.28% to Rs 1,707.95 after the company’s standalone net profit jumped 20.7% to Rs 76.3 crore during the quarter as compared with Rs 63.2 crore in Q1 FY24. Revenue from operations (excluding excise duty) increased 19.1% YoY to Rs 1,136.5 crore during the quarter.

Balaji Amines slipped 5.60% after the company’s consolidated net profit declined 32.7% to Rs 45.6 crore during the quarter as compared with Rs 67.7 crore posted in corresponding quarter last year. Revenue fell 17% to Rs 385 crore during the quarter as compared with Rs 464 crore in Q1 FY24.

Apollo Tyres fell 2.11% after the company’s consolidated net profit declined 24% YoY to Rs 302 crore in Q1 FY25 as compared with Rs 397 crore in Q1 FY24. Revenue increased 1.4% YoY to Rs 6,335 crore in Q1 FY25.

Powered by Capital Market - Live News

Revenue from operations (excluding excise duty) increased 19.1% YoY to Rs 1,136.5 crore during the quarter.

Proit before tax (PBT) jumped 20.6% to Rs 101.4 crore in Q1 FY25 as compard with Rs 84 crore in Q1 FY24.

Total Indian made foreign liquor (IMFL) volume fell 4.0% whereas Prestige & Above category volume grew 14.3%. Prestige & Above net revenue growth was 19.1% compared to Q1 FY2024. The company expects to continue to deliver a double-digit premium volume growth in FY2025. Non-IMFL revenue growth was due to full distillery capacity utilization of the Sitapur plant which was commissioned during Q3 FY2024.

During Q1 FY2025, A&SP was 5.3% of IMFL sales compared to 5.9% in Q1 FY2024.

EBITDA stood at Rs 148.2 crore, registering the growth of 24.6% as compared with Rs 118.9 crore recorded in Q1 FY24. EBITDA margin expanded to 13% in Q1 FY25 as against 12.5% in Q1 FY24.

The company has incurred Rs 923 crore on the Rampur Dual Feed, Sitapur Green Field, and other projects since April 2022. Increase in Net Debt over March 2024 is primarily due to cyclical building up of inventory at the plants.

Gross Margin during the quarter was 41.5% compared to 43.6% in Q1 FY2024 and 41.0% in Q4 FY2024. Gross Margin was impacted YoY basis due to significant foodgrain inflation. Grain price inflation had a negative impact of 335 bps YoY on Gross Margin. Although, prices of certain packaging materials have softened recently, we cautiously monitor the trends of Grain and ENA where volatility persists.

On a quarterly basis, the amount may vary but we expect to maintain A&SP spend around 6% to 8% of our IMFL revenues to be able to drive the sales momentum.

Dr. Lalit Khaitan, chairman & managing director, said, “During Q1 FY2025, we achieved strong premium volume growth despite a challenging operating environment. External factors such as lower consumption growth, concerns about ongoing foodgrain inflation, and volatile commodity prices did not deter us from delivering robust operating performance. We remain confident in the medium to long-term potential of the Indian IMFL sector. With our distinguished portfolio of luxury and premium brands, coupled with our execution expertise and an expansive distribution network, Radico Khaitan is well-positioned to seize forthcoming industry opportunities. We will continue enhancing our brand portfolio to outperform the industry. Moving forward, we will stay focused on our strategic priorities and deliver consistent and profitable growth.”

Abhishek Khaitan, managing director, said: “FY2025 started on a positive note as we continued to deliver on our strategic roadmap. During the quarter, we launched Rampur Asava, Sangam, and Jaisalmer Gold Edition in India, enhancing the experience for connoisseurs of luxury brands. Our plan is to broaden the distribution of these distinguished brands throughout the year. We remain committed to curating a focused portfolio of premium brands that resonate with consumer aspirations. Moving forward, we will invest in strengthening our brand portfolio through targeted marketing and the introduction of select new brands in the luxury and premium space. As the year progresses, we expect the broader raw material basket to remain stable. Coupled with ongoing premiumization, we anticipate staying on track with our margin expansion trajectory.”

Radico Khaitan is among the oldest and one of the largest manufacturers of Indian-made foreign liquor (IMFL) in India. It is one of the few companies in India to have developed its entire brand portfolio organically.

Powered by Capital Market - Live News